Bank of America Enhances 3% Categories for Customized Cash Rewards Card
Bank of America today announced that its Bank of America® Customized Cash Rewards credit card now offers more ways for cardholders to earn 3% cash back, with the expansion of the gas and online shopping categories.
Cardholders can now earn 3% cash back at electric vehicle charging stations as a part of the expansion to the gas category, and consumer cardholders can also earn 3% cash back on cable, streaming, internet and phone plans within the online shopping category.
The same changes apply to the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card.
Customized Cash Rewards Features
With these enhancements, the Customized Cash Rewards cardholders can earn 3% cash back in their choice of the following categories:
- Gas & EV Charging Stations
- Online Shopping, Cable, Streaming, Internet & Phone Plans
- Dining
- Travel
- Drug Stores & Pharmacies
- Home Improvement & Furnishings
Customized Cash Rewards cardholders also earn 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined purchases in the choice category and at grocery stores and wholesale clubs each quarter), and unlimited 1% cash back on all other purchases. The 3% category can be switched once per month.
Welcome Bonuses
The card also has a welcome offer for a $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.
The business version offers a $300 statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
Earn Even More with Preferred Rewards
Members of the Bank of America Preferred Rewards® program earn 25% to 75% more cash back on every purchase made with the Customized Cash Rewards card, depending on their rewards tier. That means the 3% cash back earned in the selected choice category could increase to up to 5.25% cash back.
